Uber profits, not just yet | JOMO for 4th May
In today’s JOMO: Uber on path to profitability (really?), Twitter copies Google Plus and Wordle turned out to be a great buy for NYT
🗞In the news
Uber reports surging revenue as drivers return, but posts massive loss on investments - CNBC
Uber’s revenue was up 136% year-over-year to $6.9 billion. The company reported a net loss of $5.9 billion for the first quarter, which it said was primarily due to its equity investments in Grab, Aurora and Didi. Uber said it expects to generate “meaningful positive cash flows” for full-year 2022
🤑🚀Startups, funding etc
LottieFiles raises $37M Series B to make the animation format even more ubiquitous - TC
Quick commerce firm Zepto valued at $900 million, gets $200 million - ET
Neobank Open Becomes 100th Unicorn Of India, Raises $50 Mn From IIFL
🥳
🤩New products, features, launches
Twitter Circle will let you selectively tweet to up to 150 followers - TechCircle
Twitter Circle is essentially like a private group on any social media platform, which lets users form an admission-only forum to host closed discussions. However, unlike such groups, there would be no way for a person to apply to be a part of a Circle on Twitter – unless you choose to personally message someone and request them to add you in their Circle.
Circles? Remember something? Google Plus
🤔Interesting read
Buying Wordle brought ‘tens of millions of new users’ to The New York Times - Verge
The company announced its quarterly earnings on Wednesday and credited Wordle for a huge jump in new subscribers. “Wordle brought an unprecedented tens of millions of new users to The Times,” Times CEO Meredith Kopit Levien said in an earnings release, “many of whom stayed to play other games” and drove the company’s best gaming-related quarter ever.
The Google Incentive Mismatch: Problems with Promotion-Oriented Cultures
For instance, when I was leading Google Sheets, we had a lot of small bugs and usability issues, often in areas where we weren’t at parity with Excel. Users wanted us to implement disjoint selections, fix our charting UI, add the ability to insert and delete ranges of cells – pretty standard spreadsheet fare, and very reasonable requests. However it was a constant struggle to prioritize these types of issues vs. “bigger impact” projects. Our engineers cared about the product and wanted to polish it. But they also wanted to be promoted. And so we would deprioritize product polish for projects that looked better to a promotion committee.
Excellent read
📊Poll for the day
Do you remember Google Circles?
Er, no
Oh ya
Curated from:
Morning Brew, Verge, Techcrunch, Techmeme, CNBC, Hacker News, Product Hunt and more